2022 Biggest gainer 2,200%  -Hemang Resources Ltd

Dec 21, 2022

By- Rajendra

Since start of this year, Hemang Resource has grown more than 20 times as a coal trading and infrastructure company.

Rising from Rs 3 at the beginning of 2022 to Rs 70 today.

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The business offers both domestically produced and imported coal. Also, it deals in land dealing and provides logistics and cargo handling services.

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Revenue for the six-month period ended in Sep 2022 was Rs 155.53 crore, and the net profit at the same time was Rs 19.52 crore.

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Between April and October of this year, the power sector imported 38.84 million tonnes of coal.

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Hemang Resources was first founded in 1993 as BCC Housing Finance and Leasing Company Limited, a non-banking financial company.

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The company was renamed Bhatia Industries & Infrastructure Limited in 2006.

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If coal imports decline, this company won't benefit. thus, it's not a good company to invest in.

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The track record of this company does not favour investing in this stock.

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